Sound Income Strategies LLC increased its position in WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,013,374 shares of the investment management company's stock after purchasing an additional 48,078 shares during the period. Sound Income Strategies LLC owned 4.36% of WhiteHorse Finance worth $9,779,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of WhiteHorse Finance by 172.4% in the fourth quarter. Millennium Management LLC now owns 129,981 shares of the investment management company's stock valued at $1,258,000 after buying an additional 82,263 shares during the last quarter. Independent Advisor Alliance purchased a new stake in WhiteHorse Finance during the 4th quarter valued at approximately $735,000. Raymond James Financial Inc. acquired a new stake in WhiteHorse Finance during the 4th quarter worth approximately $407,000. Two Sigma Investments LP grew its stake in shares of WhiteHorse Finance by 19.5% in the 4th quarter. Two Sigma Investments LP now owns 211,790 shares of the investment management company's stock valued at $2,050,000 after purchasing an additional 34,570 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter valued at approximately $253,000. 13.20% of the stock is owned by institutional investors and hedge funds.
WhiteHorse Finance Stock Performance
Shares of WHF stock traded down $0.30 during trading hours on Wednesday, reaching $8.83. 303,289 shares of the company's stock were exchanged, compared to its average volume of 89,720. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.86 and a quick ratio of 0.86. The company's 50 day moving average is $9.30 and its two-hundred day moving average is $9.85. The company has a market cap of $205.21 million, a P/E ratio of 22.64 and a beta of 0.80. WhiteHorse Finance, Inc. has a 1 year low of $8.44 and a 1 year high of $12.78.
WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $18.80 million during the quarter, compared to analysts' expectations of $19.98 million. WhiteHorse Finance had a return on equity of 11.30% and a net margin of 10.62%. Equities research analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.
WhiteHorse Finance Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 19th will be paid a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 17.44%. The ex-dividend date of this dividend is Wednesday, June 18th. WhiteHorse Finance's dividend payout ratio (DPR) is 394.87%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. B. Riley raised WhiteHorse Finance to a "hold" rating in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.50.
Check Out Our Latest Analysis on WHF
Insider Buying and Selling
In other news, Director John Bolduc purchased 22,360 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average price of $8.94 per share, for a total transaction of $199,898.40. Following the acquisition, the director now directly owns 237,885 shares in the company, valued at approximately $2,126,691.90. The trade was a 10.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by insiders.
WhiteHorse Finance Company Profile
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Free Report)
WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.
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